Mobileiron Inc (NASDAQ:MOBL) Director Leslie Stretch bought 11,950 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $5.01 per share, for a total transaction of $59,869.50. Following the purchase, the director now directly owns 22,228 shares of the company’s stock, valued at $111,362.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ MOBL traded up $0.04 during trading on Tuesday, hitting $5.06. The company’s stock had a trading volume of 731,800 shares, compared to its average volume of 698,828. The company has a market cap of $536.10 million, a PE ratio of -12.05 and a beta of 1.75. Mobileiron Inc has a fifty-two week low of $3.98 and a fifty-two week high of $5.71.
Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings results on Thursday, February 7th. The software maker reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $54.10 million during the quarter, compared to the consensus estimate of $54.40 million. Mobileiron had a negative return on equity of 76.61% and a negative net margin of 22.30%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts expect that Mobileiron Inc will post -0.32 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in Mobileiron in the fourth quarter worth about $50,000. GSA Capital Partners LLP acquired a new stake in Mobileiron in the fourth quarter worth about $68,000. Metropolitan Life Insurance Co. NY boosted its holdings in Mobileiron by 290.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,024 shares of the software maker’s stock worth $97,000 after acquiring an additional 15,637 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Mobileiron in the fourth quarter worth about $101,000. Finally, Stone Ridge Asset Management LLC boosted its holdings in Mobileiron by 59.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 24,326 shares of the software maker’s stock worth $112,000 after acquiring an additional 9,055 shares in the last quarter. 59.91% of the stock is owned by institutional investors and hedge funds.
MOBL has been the subject of several recent analyst reports. Zacks Investment Research raised Mobileiron from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Thursday, January 24th. BidaskClub raised Mobileiron from a “sell” rating to a “hold” rating in a report on Friday, February 8th.
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Mobileiron Company Profile
MobileIron, Inc, together with its subsidiaries, provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally.
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